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Improving the financial inclusion of women entrepreneurs in Uzbekistan

Project

Financial services
PJSCB Davr Bank
Signature date
Location
Uzbekistan
Financing tool
Loan
Financing amount (Euro)
19494900
Customer
PJSCB Davr Bank
Type of customer
Financial institution
Country of headquarters
Uzbekistan
Project number
PUZ1018
Environmental and social ranking
IF-C
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This project is part of the 2X Challenge initiative.
Mention 2X Challenge UK

This information is given at the time of signature, without prejudice to any developments in the operation/project.

Proparco has allocated a $20 million loan to Davr Bank Debt to enable it to increase its lending to women entrepreneurs and facilitate women’s access to financial services.

Client presentation

Davr Bank, which was set up in 2001, is a dynamic and impact-driven private bank in Uzbekistan with a focus on the MSME segment, which remains underfinanced by the Uzbek banking sector. Davr Bank holds strong commitments both internally and towards its clients in favor of gender inclusion.

Project description

The operation involves a $20 million (or UZS equivalent) senior credit line to help Davr Bank increase its loans to individual entrepreneurs and microenterprises, who are the backbone of the Uzbek economy. 30% of the funds will be dedicated to improving women’s access to the financial products offered by the bank. This transaction qualifies therefore for the 2X Challenge, an initiative between Development Finance Institutions (DFIs) to support gender investments.

Project impact

The expected impacts of this financing are as follows:

Employment

  • Support for maintaining 167 jobs over the next 5 years and creating 17 jobs in the companies financed by the bank (indirect jobs)

Start-ups & SMEs

  • More than 88 microenterprises and 11 SMEs supported

Gender

  • Contribution to gender equality through a commitment to finance companies that qualify for the 2X Challenge (30% of Proparco’s financing)

Access

  • Support for providing new or improved access to financial services over the next 5 years for 5,000 beneficiaries

The project will thereby contribute to the achievement of the Sustainable Development Goals: SDGs 1 “No poverty”), 5 (“Gender equality”), 8 (“Decent work and economic growth”) and 10 (“Reduced inequalities”).